eClerx Services Ltd

eClerx Services Ltd

₹ 1,567 -1.31%
26 May - close price
About

EClerx Services Ltd incorporated in 2000, provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and technology companies[1]

Key Points

Business Segments
1. Customer Operations: The company provides advanced analytics, automation, technical operations support, and digital care services. It helps its clients in improving sales and retention while reducing service costs.

  • Market Cap 14,753 Cr.
  • Current Price 1,567
  • High / Low 2,498 / 1,375
  • Stock P/E 20.9
  • Book Value 272
  • Dividend Yield 0.03 %
  • ROCE 34.8 %
  • ROE 29.0 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
  • Debtor days have improved from 77.5 to 59.1 days.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
693 684 722 753 767 782 832 854 898 935 1,005 1,070 1,107
486 517 517 546 571 616 616 646 680 714 734 794 824
Operating Profit 207 167 205 207 196 166 216 207 219 221 271 276 284
OPM % 30% 24% 28% 28% 26% 21% 26% 24% 24% 24% 27% 26% 26%
5 8 14 19 23 21 13 21 32 14 27 30 30
Interest 6 6 6 6 6 8 8 8 11 10 11 10 12
Depreciation 32 28 30 34 34 32 33 36 41 37 42 46 50
Profit before tax 174 141 182 187 179 148 188 184 199 188 245 250 252
Tax % 24% 24% 25% 26% 28% 24% 26% 25% 23% 25% 25% 23% 25%
132 107 136 139 130 112 140 137 153 142 183 192 190
EPS in Rs 13.51 10.84 13.86 14.13 13.31 11.38 14.72 14.38 15.97 14.87 19.22 20.40 20.13
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
942 1,314 1,330 1,365 1,431 1,438 1,564 2,160 2,648 2,926 3,366 4,117
626 833 869 998 1,122 1,111 1,115 1,498 1,925 2,150 2,557 3,066
Operating Profit 316 482 461 368 309 326 450 662 723 776 809 1,051
OPM % 34% 37% 35% 27% 22% 23% 29% 31% 27% 27% 24% 26%
32 36 28 61 49 45 34 24 66 64 87 101
Interest 1 1 2 1 1 20 21 23 22 24 36 42
Depreciation 50 57 52 48 45 71 82 103 114 126 141 175
Profit before tax 298 460 436 380 311 281 381 560 653 689 719 935
Tax % 23% 26% 19% 24% 27% 26% 26% 25% 25% 26% 25% 24%
230 342 354 290 228 209 283 418 489 512 541 706
EPS in Rs 18.90 27.90 29.65 25.00 19.66 18.83 26.99 41.08 49.83 52.14 56.78 75.09
Dividend Payout % 46% 1% 1% 1% 2% 2% 1% 1% 1% 1% 1% 1%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 16%
TTM: 22%
Compounded Profit Growth
10 Years: 8%
5 Years: 22%
3 Years: 14%
TTM: 36%
Stock Price CAGR
10 Years: 13%
5 Years: 32%
3 Years: 27%
1 Year: -7%
Return on Equity
10 Years: 24%
5 Years: 27%
3 Years: 26%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 30 41 40 38 38 36 34 33 48 48 47 92
Reserves 685 1,052 1,176 1,167 1,344 1,270 1,467 1,534 1,667 2,199 2,259 2,469
0 4 1 6 2 157 175 163 194 266 358 385
242 192 182 208 201 260 315 324 365 393 475 751
Total Liabilities 957 1,288 1,398 1,419 1,584 1,723 1,991 2,055 2,274 2,906 3,139 3,697
167 365 325 343 348 480 728 713 773 850 974 1,054
CWIP 1 0 2 0 0 1 0 2 21 1 0 5
Investments 155 219 252 165 286 437 229 196 275 406 309 308
634 704 820 910 950 806 1,033 1,145 1,206 1,649 1,856 2,330
Total Assets 957 1,288 1,398 1,419 1,584 1,723 1,991 2,055 2,274 2,906 3,139 3,697

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
243 418 312 305 206 333 365 444 493 526 655 873
-62 -167 -175 26 -230 24 -2 44 -55 -483 143 -141
-115 -165 -245 -304 -54 -308 -188 -416 -440 -107 -610 -622
Net Cash Flow 66 86 -108 28 -77 49 174 71 -2 -64 188 111
Free Cash Flow 182 366 283 264 154 299 326 383 403 462 539 756
CFO/OP 98% 87% 68% 83% 67% 102% 81% 92% 93% 90% 101% 104%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 49 52 59 62 62 60 68 56 61 88 86 59
Inventory Days
Days Payable
Cash Conversion Cycle 49 52 59 62 62 60 68 56 61 88 86 59
Working Capital Days 22 52 74 72 70 44 46 47 46 61 59 85
ROCE % 46% 51% 38% 30% 24% 21% 24% 34% 36% 32% 28% 35%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Top 10 Client Concentration
%

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Offshore Seat Count
Seats
Total Headcount
Count
Number of Clients >$1M Revenue
Count
Offshore Voluntary Attrition
% ・Standalone data
Staff Utilization (Delivery)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

26 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.61% 53.61% 53.61% 53.61% 53.61% 53.81% 53.81% 53.81% 53.81% 53.81% 53.81% 54.53%
12.62% 12.13% 11.81% 12.19% 11.78% 10.31% 10.27% 10.12% 10.16% 10.95% 11.39% 11.82%
20.89% 21.64% 22.91% 22.75% 22.49% 24.02% 24.19% 25.12% 26.04% 25.72% 25.31% 23.95%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
11.14% 10.92% 10.04% 9.78% 10.68% 10.42% 10.38% 9.49% 8.59% 7.98% 7.67% 7.53%
1.72% 1.68% 1.63% 1.66% 1.43% 1.42% 1.33% 1.44% 1.39% 1.52% 1.80% 2.15%
No. of Shareholders 53,48449,71552,63949,1571,46,68058,04868,02569,42466,30065,92770,29667,142

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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